Claimants allege the representative sold unsuitable investments, which were sold away from the firm.

$100,000.00

$100,000.00

Complainant alleged that she purchased a total of $427,000 of Equity Trust Co. REPF Fund through rep and recently found out that it was not a TFA approved product. Client is asking for recourse.

$400,000.00

$250,000.00

CLAIMAINTS ALLEGED THE REPRESENTATIVE SOLD THEM UNSUITABLE INVESTMENTS INCLUDING PROMISORY NOTES, WHICH WERE SOLD AWAY FROM THE FRIM.

$620,000.00

$425,000.00

COMPLAINANT ALLEGED THAT SHE PROVIDED A CHECK TO REP. IN THE AMOUNT OF $300,000 FOR A REAL ESTATE INVESTMENT AND WANTED FUNDS RETURNED TO HER. THE OUTSIDE BUSINESS ACTIVITY WAS NOT APPROVED BY TFA.

$300,000.00

$235,000.00

FINRA

Without admitting or denying the findings, Mackay consented to the sanction and to the entry of findings that he failed to respond to a FINRA request for documents and information as a part of an investigation into allegations that he had referred customers to an outside real estate investment opportunity that his member firm had not approved.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All capacities

Indefinite

7/5/2019

Transamerica Financial Advisors, Inc.

Permitted to Resign

The firm received allegations from two customers that the Representative had referred them to an outside investment opportunity that was not approved by the firm.

$10,363.43

Tax

SINCE THE LIEN IS FROM A FEW YEARS AGO, IT WAS ADDRESSED TO AN OLD MAILING ADDRESS FOR WHICH THE FORWARDING SERVICE OF THE USPS HAD EXPIRED. THEREFORE, I WAS NOT IN RECEIPT AND HAD NO PRIOR KNOWLEDGE OF ITS EXISTENCE. THIS LIEN IS FILED IN ACCORDANCE WITH IRS RULES AND IS PART OF AN OFFER IN COMPROMISE CURRENTLY UNDER CONSIDERATION BY THE IRS AND WILL BE DISPOSED OF AND RELEASED PENDING THE OUTCOME OF THE OIC.

$39,440.00

Tax

I BELIEVE THIS FEDERAL TAX LIEN TO BE A RESTATEMENT OF THE ORIGINAL TAX LIEN PREVIOUSLY DISCLOSED ON MY U-4 BUT I DO NOT HAVE PAPERWORK TO PROVE THAT ASSERTION NOR DO I TRUST THE IRS TO HAVE SUFFICIENT DOCUMENTATION TO AFFIRM MY POSITION SO I AM DISCLOSING IT AS A NEW EVENT. I BECAME AWARE OF THE CURRENT AMOUNT OF THE LIEN TO INCLUDE ALL PENALTIES, FEES & INTEREST IN MAY OF 2011 AND ENTERED INTO A PAYMENT PLAN TO PAY THE LIEN IMMEDIATELY THEREAFTER. I BEGAN MAKING PAYMENTS OF $600/MONTH AUTOMATICALLY FROM MY CHECKING ACCOUNT IN JUNE OF 2011 AND HAVE MAINTAINED THAT PLAN EVER SINCE. THE CURRENT OUTSTANDING BALANCE AS OF FEBRUARY 2015 IS APPROXIMATELY $23,000.

WORLD GROUP SECURITIES, INC.

Discharged

REPRESENTATIVE WAS ALLEGED TO HAVE BEEN INVOLVED IN COMMISSION SHARING WITH A NON SECURITIES REGISTERED INDIVIDUAL IN CONNECTION WITH THE SALE OF A SECURITIES PRODUCT.